Don’t shoot the messenger

 

Marty: “You know in Greece they cut off the head of the messenger who brought bad news.”

 

Visser: “Now that don’t make much sense.”

 

Marty: “No. It just made them feel better.”

 

-       From the screenplay to ‘Blood Simple’ by Joel and Ethan Coen.

 

 

The commentary will be taking a short break next week and will return on Monday 22^nd March.

 

When you are a government and your finances are shot, pinning the blame on speculators as opposed to your own fiscal incompetence is always an option. Even that term ‘speculators’ may be overly contentious, though after the banking crisis set in, it’s now fashionable for governments to point the finger at all financiers since that helpfully distracts the electorate from the loathsome venality and brazen inadequacy of elected officialdom. (UK voters may wish to recall and give thanks for how the Usual Suspect inevitably rounded up whenever currency markets gyrate, George Soros, saved the UK from a fate worse than Sterling, namely the Euro. Masahiro Sakane, chairman of Japanese construction and mining equipment-maker Komatsu, conceded as much today when he expressed relief in an interview with the FT that Britain had decided not to join the Euro bloc.)

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Comments

[Renaissance Clothing]

What makes me crazy is the country is broke and the government is trying to slash spending but there are riots to stop it... don't they see if they keep spending they will crash and burn

[andmar]

that is the point !!!you have EXIT situation or pound will devaluate pur.power or Euro will be first one!!!i will bet EURO ,,so join to EMU ,,and your DEBT or credit WILL BE ERASED at least 50%